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Essay text:
It sets the direction for the other functions of management and for teamwork” (Allen, 1988, ¶ 1). In order to operate in an efficient and effective manner and to progress with focus and direction, an organization must set goals and develop plans to achieve those goals (Erven, 1999). All management levels participate in planning; the characteristics of planning are varied according to the level of management (Erven, 1999). Often, managers must implement new strategic plans in order to comply with recent legislation such as the case with the Sarbanes Oxley Act. Managers must plan to determine the goals of the organization and direct the course of actions for the future; planning gives an organization its purpose and objectives...
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